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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Investment properties
3231 Hwy 188 Coden, AL 36523-3831
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0900722
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2014
Total area
9,163 SF
Lot
1.28 ac (55,539 SF)
APN
49 03 07 1 000 052.XXX
UPID
US03-0900722
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.77M
Owner & transaction history
Yellow W Land Co LLC · 5 yrs held
Yellow W Land Co LLC
since 2021
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+128.8%
Restaurant
$1.8M
+116.2%
Retail stores
$1.6M
+94.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coden submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,785,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
$2,030,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,860,000
Change: +129% · Conversion: Easy
RESTAURANT
$1,755,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$1,580,000
Change: +95% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10% · vs last sale $1.69M (Jun 17 2021)
Last sale anchor
$1.69M
Jun 17 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,118
Tax year 2023
Assessed value
$146,040
Assessed 2023
Previous assessed
$146,040
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$6,660
Assessed improvement
$139,380
Land market value
$33,300
Improvement market value
$696,900
Total market value
$730,200
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
3
Total area
9,163 SF
Lot
1.28 ac (55,539 SF)
APN
49 03 07 1 000 052.XXX
UPID
US03-0900722
Jurisdiction
MOBILE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.28 ac
Current owner
From public records · entity-resolved
Yellow W Land Co LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1425 TURTLE CRK DR, LUFKIN, TX 75904-4328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$1,687,254
Yellow W Land Co LLC
Madison Laine LLC
Special Warranty Deed
—
Jun 23, 2020
—
Madison Laine LLC
—
Deed
related
$881,000 · River Bk&tr
Feb 3, 2015
$1,210,000
Madison Laine LLC
The Broadway Group LLC
Deed
—
—
—
Madison Laine LLC
—
Deed Of Trust
related
$881,000 · River Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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